INSUBCONTINENT EXCLUSIVE:
By Ashwin MohanGlobal funds are making a beeline for Sadbhav Infrastructure Projects’ road and highway assets, which have been put on the
block, sources said.
The company, owned by parent Sadbhav Engineering, may look to use deal proceeds for developing under-construction
projects.
Top global funds including Brookfield, Macquarie Group, CPPIB and CDPQ are likely to submit their bids soon
Sabhav Infra had carved out 12 operational assets for proposed sales
The entervalue of these assets have been estimated at around Rs 4,000-5,000 crore.
In a response to ETNow query, the company said, “Same
is nothing but market speculation and far from truth.”
CDPQ declined to comment on the news
However, responses awaited from Brookfield, CPIIB and Macquarie.
Sadbhav Infra has a total of 20 projects with 12 operational and 8 under
construction and development
Sadbhav Engineering holds 69 per cent stake in Sadbhav Infra.
